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Economy

Articles on jobs, wages, inequality, recession risk, inflation, public debt, taxes, and broad economic policy.

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August 16, 2012

Game Theory and the Triumph of Capitalism

When you look at Capitalism you can't help but look at Game Theory. Players can come to dominate the game. Then the idea that capitalism always achieves maximum gain becomes invalid. There is a role of governments to regulate and adjudicate the game. That is not Socialism, but rather makes the "triumph of capitalism" possible.